No Deposit Home, 4 Units, 100% finance available

This is a perfect home for a big family or an investor who is looking for a neutral geared cash-flow investment property with 100% finance.

One of our mortgage brokers can arrange for you a $560,000 loan from the bank and we can arrange vendor finance for your deposit portion, stamp duty and legal fees with bank rates.

This is a truly neutral gearing property with 100% finance, No Deposit! Interest rate for the finance will be a standard variable home loan rate (note: 4.99% at the moment)

INCOME

The property has 4 units with a TOTAL Rental Income of:
$870 per week
$45,240 per year

EXPENSES

- Mortgage interest: $700,000 x 4.99% = $34,930
- Council Rates: $3,830 for 4 units
- Water Rates: $2,640 for 4 units

TOTAL expenses: $34,930 + $3,830 + $2,640 = $41,400 per year

$45,240 – $41,400 = $3,840 (prior to agent fees)

You can buy this rare property with minimal outlay.. This property offers endless possibilities!

Property Features:

Unit 1
Two Bedrooms, Kitchen, Bathroom, Lounge, Balcony

Unit 2
Two Bedrooms, Kitchen, Bathroom, Lounge

Unit 3
Two Bedrooms, Kitchen, Bathroom, Lounge

Unit 4
Two Bedrooms, Kitchen, Bathroom, Lounge, Dining area

IN TOTAL
8 Bedrooms, 4 Bathrooms, 4 Lounges, 4 Kitchens, Dining Area
High Ceilings
Gas heaters